CIT Group Inc. said it provided $96 million senior secured credit facility to Harvest Partners to support its refinancing of TruckPro. Memphis, Tenn.-based TruckPro distributes aftermarket parts and accessories for heavy duty vehicles.
Checkpoint Systems said Thursday that it completed the sale of its U.S. and Canadian CheckView business to Platinum Equity. Financial terms were not announced. Checkpoint announced the sale in march.
Vancouver's Anfield Nickel Corp., a publicly-traded company focused on the exploration and development of nickel laterite resources, and which owns Guatemala-based Mayaniquel SA and related assets and properties, has obtained a loan totaling $3 million from Canadian private equity firm Lumina Capital LP. The loan will be used for working capital and general corporate purposes.
Stingray Digital Group, a Montréal-based innovative content provider and broadcaster focused on delivering high-quality music content, has acquired the Canadian commercial accounts of Vancouver's eMedia Networks International Corp. for over $2 million. According to a report by The Globe and Mail, the deal adds 5,000 retail locations to Stingray’s arsenal of in-store music clients, pushing its total to 61,000 in Canada. Stingray is a portfolio company of Canadian technology buyout fund Novacap Technologies and technology investor Telesystem.
New York-based private equity firm Lightyear Capital has emerged as the lead bidder to buy SunTrust Banks Inc's RidgeWorth Investments asset management unit, three sources familiar with the situation told Reuters this week, Reuters is reporting.
Babson Capital Management said Thursday that it provided subordinated debt and made an equity co-investment to support Swander Pace Capital's buy of Caleel + Hayden Holdings Inc., which does business as glōProfessional. Babson said it was the sole provider of mezzanine capital for the deal. Denver-based glōProfessional develops and makes mineral-based cosmetics under the glominerals brand and premium skin care products under the glotherapeutics brand.
Gridiron Capital has invested in Tokyo Inc., which operates the casual restaurant chain Tokyo Joe’s. Specifics of the investment were not released. Tokyo Joe’s is based in Denver. Gridiron Capital is based in New Canaan, Conn.
Summit Partners has backed San Francisco-based specialty coffee retailer Philz Coffee. The firm made a “minority growth equity investment” in Philz Coffee. Specific terms of the deal were not released.
Shamrock Capital Advisors has invested in Giant Creative/Strategy. Financial terms weren't announced. San Francisco-based Giant is a healthcare communications agency. AdMedia Partners served as financial advisor to Giant.
Incline Equity Partners has acquired AmSpec. Financial terms weren't announced. Linden, N.J.-based AmSpec provides testing, inspection, and certification services to the oil, gas, and petrochemical industries.